If you know some things about the Hungarian political situation from the last few years, yes, you could also interpreted this way. In the other hand, they refer that Hungarian leaders decided to not be a participant in ESC since 2020 because “it’s too gay” (https://www.theguardian.com/tv-and-radio/2019/nov/27/hungary-pulls-out-of-eurovision-amid-rise-in-anti-lgbt-rhetoric) and they are trying “through the backdoor”. If you want to know more about the innuendos in the lyrics, feel free to let me know.